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Foreign Investors And The Battle With Insecurity In Nigeria

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In recent times Nigeria has experienced Regionalized insecurity: paramilitary groups in the south, rebellion in the north, kidnapping in the east and south, police brutality in the west, and political and nonpolitical calculated assassinations around the country.

Nigeria’s continuing conflict with militant groups, as well as government corruption has posed a threat to the country’s stability and economy.

Boko Haram, one of Africa’s largest Islamist extremist groups, has carried out terrorist attacks against religious and political groups, local police, and the military, as well as indiscriminately targeting civilians in busy markets and villages.

An example of this tragic event is the kidnapping of over 200 Chibok secondary school girls by the Islamic group Boko Haram in 2014

There have been back and forth about the release of the girls since 2014, the government claimed some of the girls have been released while some may still be in captivity.

The prevalence of police brutality and inhumane act of the police force in the western part of the country also sparked the #Endsars protest in the later part of 2020.

Nigeria received international attention as a result of the #EndSARS movement particularly after security forces opened fire on unarmed protesters in Lekki, Lagos.

It became the latest protest movement to draw global solidarity, with support from both foreign companies and celebrities.

The insecurity and bad economic state in Nigeria can be linked to the cause of major companies like Shoprite, Mr. Price, Woolworths, Etisalat, Truworths, Dunlop, Michelin to mention a few leaving the country for neighbouring countries like Ghana.

Nigeria is no longer a favourable market for most of these companies,an instance of these is Africa’s biggest grocery retailer and the South Africa-owned chain of stores, Shoprite, who recently announced its exit from Nigeria after 15 years.

Following Xenophobic attacks and reprisals in Nigeria, Nairametrics announced that Shoprite Holdings in Nigeria lost 8.1 percent of its revenue in constant currency terms at the end of the second half of 2019, according to the group.

This trend of foreign companies leaving the country has been blamed on issues such as difficult market conditions, insecurity, store closures, load shedding, and currency devaluations.

Many Nigerians also linked Twitter’s decision to have its headquartes in Ghana to the recent #Endsars protest that killed lots of people while performing their civic right.

The social media app (Twitter) played a major role in helping the world notice what was happening in the country.

Jack the CEO of twitter received several clapback from Nigeria political personalities for the active involvement in the Endsars movement

Following the violence that erupted as a result of the protests, Adamu Garba, A Nigerian senator filed a lawsuit against Twitter CEO Jack Dorsey for allegedly interfering in Nigerian internal affairs and sponsoring the demonstrations.

Choosing Ghana over the Giant of Africa and Africa’s big brother Nigeria was a slap in the face for many Nigerians.

With a thriving tech scene, a large population, and the title of Africa’s most populous country, many would have predicted that Nigeria would be Jack’s first choice.

Nigerians were not slow to link this to the Endsars movement and the insecurity and poor government in Nigeria.

To sum up their are great fears that the economic state of the country might continue to deteriorate because the of this single act.

READ ALSO Twitter Opens African Headquarters In Ghana – Nigerians React


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